View source for Deceptive Non-GAAP Financials

The SEC has stepped up its enforcement of public companies’ misleading use of non-GAAP financial measures. These measures are susceptible to abuse, and they can distort financial statements and mislead investors. See the recent article in ''Accounting Today'', [https://www.accountingtoday.com/opinion/deceptive-non-gaap-financials-will-lead-to-future-sec-whistleblower-awards?tag=0000015f-125a-de4d-a75f-de7b3e850000 Deceptive non-GAAP financials will lead to future SEC whistleblower awards], for details on the recent increase in deceptive non-GAAP financials. The SEC has established an internal task force to investigate public companies’ use of misleading non-GAAP accounting.